Home Protection Plan
Home protection plans can increase the marketability of a home by providing a peace of mind extra that competing homes may not have.
A home warranty increases marketability:
- Warranted homes sell up to 50% faster than non-warranted homes
- Homes with a warranty sell for about 3% more, on average (Business Week)
- Reduced chance the seller will be asked to reimburse the buyer for a breakdown of a covered component
- Better chance that the closing won't be delayed by a malfunctioning warranted item
- It provides the buyer with a full year of coverage on the homes major systems and appliances after they move in.
- In the event that something covered breaks down, only a deductible is paid and the Warranty Company pays the remainder.
Buyer coverage on selected items:
- Central Heating System
- Electric Central Air System
- Interior Plumbing
- Built-in Appliances
- Electric Pool Equipment
The seller may also have coverage on certain items while the property is listed for sale,even before the coverage is paid for.
Homes sell 60% faster and for a higher price than homes without a home warranty according to a study by the National Home Warranty Association.